Analyst: BTC downside risk limited, $75K support is key

Cryptocurrency analyst Michaël van de Poppe has stated that the likelihood of Bitcoin (BTC) experiencing a significant decline from its current levels is low. He noted that while U.S. Treasury yields and oil prices have recently surged, a stabilization in these two indicators could allow both the stock market and BTC to resume their upward trends. Van de Poppe projected that if BTC maintains the key support level of $75,000, it could rise to around $90,000, where the 50-week moving average is located on the weekly chart.